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tv   Eyewitness News at 5  CBS  February 6, 2013 5:00pm-6:00pm EST

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d loved archaeology, and he did excavations on the site of the old porcelain works in worcester in the 18th century. and i found these. i was 14 then when i dug these two saucers up from the ground. these were ones that were made in 1770 at worcester in the blue and white. this one is painted in blue with cobalt oxide, which is actually a black color, painted straight onto the unglazed porcelain. you dug it up in this condition? amazing. well, it went wrong in the making, got a chip on the rim, and because of that, they threw it away in the grounds of the old factory. if it hadn't had that chip, they'd have covered it in glaze. it would have then been fired and would have come out like this one, which turns blue. the cobalt changes color in the glaze. so finding these again taught me how porcelain in blue and white was made. and so this is what you've done. so tell me about this one, for example. david battie was very impressed with this one, i have to say. he thought this was a beautiful freehand here. so your inspirations for this? well, that's based on the pattern that was done at worcester, who themselves were copying chinese, and i'd been--i don't like to directly copy
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the chinese or worcester patterns. i like to do my own slight variations, but on porcelain shapes made at worcester, fired in the factory kilns to a very high temperature. so my part is doing the painting in blue, and it was sealed there for all time. and this lovely-- these are nasturtiums, are they? what are those? uh, lotus. lotus, ah. they were growing in the park in hong kong. i always liked-- whenever i'm traveling, i take a sketchbook, and i do little sketches, and then i work them out into porcelain designs afterwards. oh, that's beautifully drawn. and so what do you do with them? do you just keep them yourself? do you-- are you gonna sell them? what do you do? yes, this is really a hobby at the moment. i mean, one day, i think i'd like to have my own kiln and make porcelain. but at the moment, i just enjoy doing it and again continuing to learn from it, how difficult it is to make porcelain. yes. well, john, it's always fascinating to find out what our experts do in their spare time. thank you very much. these are called comports. i don't know how much you know about these, but they are, strictly speaking, table decoration.
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yes, and not appends. they're not appends. appends tend to have lots of baskets hanging off them. that goes on top of here, as you probably know... yes, that's right, yes. as you've probably done many, many times. and then they're spread across the table. you need a pretty impressive dining table to display all these. and i gather they were your grandfather's? my great-grandfather. after he'd been mayor of reading for two years, this was presented by his grateful fellow councilors. he must have been a good mayor. that's also-- what you've got in your hand there, i had a quick peek at earlier is very rare to see. this is the original photograph from the manufacturers. there's a mark down here... oh, yes! which is the mark, a silver mark from the barnard brothers, which appears on your comports. yes. so this must have been taken in the factory as they left the factory. so in actual fact, you have got the story of these comports from the very day they were manufactured till now. you've kept them in the family all this time. that's right, yes. they're fantastic. you've probably seen all the scenes. there are sort of pastoral scenes to make people feel a bit more connected
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with the rural countryside, which they were when these were made, in 1870, and i think it made people feel a bit more at home if they could see. we've got a sheep, a little boy tending his sheep here. we've got another boy over here who's looking after his turkey, a young goatherd girl. yes, with her grapes. i gather that there is another one. there--yes, there is. ( laughs ) the four together make an awful lot of difference. it's more-- much more valuable than two pairs. i think if you were to walk into a shop in the west end, which is the only kind of place where you would be able to buy such grand-looking things, you would have to pay for the whole set of four today about £35,000. mmm. of course, they'll stay in the family. i couldn't give them away. just before 1912, i don't know exactly when, my in-laws set up home in pangbourne,
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and they went to a house sale in reading, and they purchased the table and four chairs with it and a sideboard and a sort of flat-top desk, and i always understood that they paid £12 for it. for the whole lot? yes. well... i have no doubt that that was all they had as well. and where are the chairs now? well, the desk and the sideboard went to a nephew of mine. the chairs were perhaps a bit rickety, and i burned them because they would-- you burnt the chairs? ( laughs ) they were the kitchen chairs, and they were a bit rickety, and they... what did you think i'd say about this? that happened in those days, didn't it, really? ( laughs ) so good job you didn't burn the table. yes. well, we had a use for the table. you had a use for the table... we needed the table. but no use for the chairs. and where does this table reside now? well, when they-- my mother-in-law died, 1968,
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it came into my possession, and we've used it as a table ever since. they used it every day. my mother-in-law cooked on it. she cooked on the table. she cooked on it. yes, it was the kitchen table. with a blanket on it, she did the ironing on it. we don't iron on it. you don't iron on it. i was going to say i don't prepare vegetables on it, but we use it--obviously it's our dining room table. it's used for mealtimes. this is quite pretty, this border. this is, um, satinwood. do you know what the main wood is? any idea? no. the main wood is rosewood. and even though you use it for, you know, your suppers and things like that, it's really a breakfast table. oh, really? that's interesting. this would have been in the breakfast room of quite a grand house. around the edge, i like this, um, like beadwork, and then it's repeated again on the central shaft. now this is a good quality table because the central shaft is actually solid rosewood.
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this is rosewood veneer, and then when we get down onto the base, that's again veneered. then you've got these highly decorative brass feet. very, very pretty. very, very pretty. this table was made around 1825. it's regency. it's a tilt top. and so when the table wasn't being used in the regency times, it'd been tilted up and then pushed to the side of the room and so you can use the room for dancing or something like that. if you were going to buy this in a retail shop all fully restored, you wouldn't get much change after £15,000. how much? this is a very nice table. so i'd love to have seen those chairs, 'cause they would have been valuable as well. they were chairs, and that's it. good job you didn't burn the table, wasn't it? well, we've got this lovely little card
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and a beautiful pendant here. and on the card, it says, "with all my love to my dear wife. god bless her and make her happy always, vincho." and then on the reverse, it says, "with kind regards, mr. vincent a. weeks." who was he? he was my husband's grandfather. he married my husband's grandmother in 1913, and i think that was a gift when they got married. yes, and what a lovely gift. but how bizarre that he's also put on there, "with kind regards," when it is a romantic gift of giving this beautiful necklace. yes. it's from the art nouveau period, which dates from 1890 to 1910. it's set with moonstones and made of gold, solid gold. beautiful piece showing all the right qualities of an art nouveau piece of jewelry. it's extremely well-made. it's got lovely sinuous lines to it, beautiful natural elements as well in the floral motifs. the moonstones, i think, are the most romantic stones that you can have, because they have a lovely shimmer to them. now, when you look very closely at the piece,
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you can see that it did have some enamel on it, and it's not signed, which is a real shame. this, because of having the enamel on as well, could well be by an extremely good maker, but without a signature and without having more information about it, it's difficult to know. so do you wear it? my daughter has it now, and she wears it occasionally, yes. excellent. well, if it came up to auction, despite the fact that it is missing the enamel work, would fetch somewhere between £1,500 and £2,000. really? well, that's very nice to know that. good. yes. thank you very much. it was a gift from a very old friend who i've known for many, many years, and when i retired, he gave it to me as--as a present. oh, very nice. what it is is chinese provincial, and it was painted in underglaze blue with this phoenix or hou-ou bird
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amongst rocks and foliage. the glaze is very thick, and in places has run into globules over it, and that's made the whole thing slightly fuzzy and indefined and actually rather romantic. and i love the way they've just concentrated in the middle here and left all this blank. that's quite unusual to see that. and i think it works extremely well. the back we have got is covered in grit. this is to stop it sticking to the floor of the kiln. you dust the bottom of the kiln with this and put the dish on it. and what's happening is the heat has actually blown it upwards, and it's got stuck there. unusual here, we've got these ribs. i've never seen that before, as far as i can remember.
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did you think it was very old? i suspected it was old from the markings on the back, because it just looks an old, um-- can't-- you can't go on that. you can't? no. big trap, that one. ( both laugh ) so it's not old, then? yes, it is. ( laughs ) it's just that you can't rely on it looking old. actually, it's dating, i think, to the jiajing period. he reigned from 1522 to 1566, so it's 450 years old. gracious. yeah. we've got a crack here. yes, i've seen that. which will affect the value, but it's a rarity. i mean, it's a rarity, and a lot of people would-- like you, would love to have it, i think. and i think they'd be happy to pay somewhere between £1,500 and £2,500 for it. ah, lovely.
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so it was a very nice gift. it certainly was. this is a message form dated november 11, 1918, and it says, "following from fifth army begins. "hostilities will cease at 11:00 today, november 11." what an incredible message to have received. tell me all about it. it was taken down by my great-uncle, sapper leopold jacobs, who was on the western front, and he'd been there for most of the first world war. he was a signaler. he wrote this down? he wrote this down, yes. i wonder what his reaction was? i've been thinking about that. i'd suspect it was not quite what we think it was, because, for a month, the german army had known the game was up, and the german army had been retreating.
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the british army had been advancing, and i suspect that they knew that it was going to happen. and after all he'd been through in four years, i suspect his reaction was, "okay, good. that just confirms what we all know anyway." well, that's quite incredible, because you know something? i think if i'd written this down, after all of the horrific carnage that i'd seen of the things that had happened over the previous four-- three or four years of that sort of war, i think i am quite, "yes, it's over! it's over finally!" but you don't think that's what happened? no. i think that's what we would think today and what we know about it, but what he knew was this was just the conclusion of what--as i say, i think they knew anyway. but clearly, he thought a lot of this bit of paper, this little brown piece of paper, because it's framed. i mean, he framed this, i guess. well, it was either he or my father who framed it, but it's been in the family ever since.
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well, of course it isn't a unique item, even though your great-uncle actually wrote this himself. that makes it unique to you, but there are other examples known. the imperial war museum, for example, has got a number of these. but if you bought this in a militaria dealer's shop, then i'd guess you'd be paying something like £300, 400, maybe even £500, because it is an historic document. oh, gracious. oh. oh, i hadn't expected that. tom, you're six, aren't you? and you're-- you like watching the antiques roadshow? yeah. so do you watch every sunday night? yeah. what, in your pajamas, after bath? and what do you like about it? that you can make things and... what, make things that you've seen on the program? yeah. oh, like what? like boxes and broaches. once when i was about three, i made a broach out of a glue top and some silver foil. and that was because you'd seen something like it on the antiques roadshow?
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yeah. oh, wow. now tell me about these candlesticks then, 'cause you brought these along. yeah. what do you know about them? i know that my great-great-great- grandfather found them in clearwell castle, and then my great- great-great-great-- no, no. one great. took them to bed. he used them. oh, he used to walk along like this with the candlesticks. do you ever do that at home? uh, no. no, it might be a bit dangerous, mightn't it? yeah. they're beautiful, though, aren't they? so you want to find out a little bit more about them? well, let's find someone who can tell you. well, on a day like today was, we do have a bit of sunshine. i think really we could do with just a little bit more to show this to its absolute best. i've only come across a couple of these in my time, and they've always debated where they're from and who made them, but i'm hoping you can shed a little bit of light on it for me. tell me, how did you come to own it? well, it came to me from my grandfather. i've always known it, because ever since i was tiny,
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it was in my grandfather's house. he came to own it because he did some private work as an accountant, and one of his clients was not able to pay, and he took this in lieu of payment. i think what may not be immediately apparent to the viewer is quite how this is made, because whilst we have what i can best describe as a simulated rosewood frame, the interior of this is made up of glass beads and not just a few glass beads. just before i came, i did some quick maths. i've done the surface area. then i've done a small square, beads per square, and i reckon we're looking somewhere between 180,000 and 200,000 glass beads just within this paneled screen. i mean, even now as the sun's coming out, it just sings. well, that's why i used to love it, 'cause it sparkled.
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it does sparkle. i mean, it's the little girl in you. that's what it is. this is classic sort of post-edwardian 1920s, around the early part of the 20th century. as far as we-- my father can remember, it was at the end of the 1920s, early 1930s. it's all adding up. i think this is a piece that would attract interest all over the world. i think it's an international piece. quite how you would then ship it all over the world is slightly worrying. but i think when you find that right client, i actually have no hesitation in saying that on a good day in the right sale with other glass, with other similar, like items of this quality, i'd be very happy to put an auction estimate of £3,000 to 5,000, £4,000 to 6,000. no problem. ah. thank you very much. aren't these delightful? yeah, superb. couple of frogs? no, they're not frogs. they're toads. why are they toads?
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because toads have got toes. frogs haven't. right. oh, well, i will stand corrected on that one. but what's their pedigree? well, my grandfather bought them at an auction sale when i was a little girl and gave them to me as a present, so they've been with me all my life. i can't remember how old, but very young. the actual age of them, you can see hallmarked there. lot of muck in there. ohh. it's tough to clean them with one hand. well, i'll forgive you with your arm the way it is, but let's just have a look. maker's mark, we can just see there. that's alexander crichton, very good london maker. and date letter, the e there, that's for 1880. wow. so a bit of age to them. and there, of course, is where the pepper will come out. have you ever had them valued? well, about 20-odd years ago, somebody offered me £25 for them, but i refused,
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because they are worth more to me as sentimental value. right, right. i think that was probably a wise decision. wow. i think we're looking at about £2,000. what? i mean, they're rare anyway, but a pair is amazing. don't croak. wow. i would never, ever believe that. thank you very much. so what's this? um, i'm told it's a theater ticket. ah. yeah, it was a gift from a friend whose father collected coins. that was among the collection. i was finishing drama school, so appropriate gift. and i'm told it's an 18th-century theater ticket. i don't know whether that's true. well, i don't know. i'm no expert in theater tickets, but i think the 18th-century date's right. this lettering, the actual letter forms are perfectly right for that period. actually this shape, you'll find on bullock's, george bullock's furniture of the early 19th century.
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so again, i think that suggests that we're looking at a date somewhere between perhaps 1795, 1810, something like that. but i'm not sure that in the late 18th century, we were calling that bit of the theater the pit. it would have been stalls by then. it was the stalls. right. so we have to think what other kind of pit might you have needed a ticket for, right? okay. cockfighting... right. and dog fighting, and i think that's what this is for. that's glamorous. it's a cockfighting or a dog fighting ticket. so i'm afraid your theatrical school was wasted. but i could start a dog fighting business. you could start a dog fighting business, and i would use this to come and see you with it. fantastic. thank you very much. thank you. oh, i suppose we ought to put a price on it.
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how much does one pay to get in to a cockfight? a cockfight? oh, lord knows. i think somebody, a collector, would probably give you £100, 200 for that. good lord. well, thank you very much. this is a typical victorian, sometimes called a horse's hoof box because it has that appearance. 19th century, covered in this wonderful aquamarine blue velvet, slightly worn off the surface now, isn't it? so whenever i see a box like this, of course, the first thing i think is what is going to be within? what is the content? and one would never be disappointed when you open up a box lid like this and there within you reveal that. let me know as much as you can tell me. well, it's come down in my husband's family. his great-great--no, his great-grandfather was a man called peter vrailas, who was given it by empress elisabeth of austria. he was--peter vrailas was a greek living on corfu, and he had a lovely old house which she wanted to buy.
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um, after being pressurized to sell to her, he finally gave her the house and the land, and after it was all completed, she sent this for his wife and to go down to the wife of the eldest son. my husband was-- just like that. yes. it's a very complex piece of jewelry in many ways because the main body of the piece is this center, oval center, but here we have the empress' own diamond crown motif, and then there's a very complicated monogram underneath it studded with diamond chips. but the main fabric of the piece, the main core of this, is this wonderful arrangement of big, fat diamonds around the outside, each diamond weighing in the region of 3/4 of a carat,
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each stone. yes. yes. and then as if to reinforce the fact that this is a serious piece of jewelry, it's mounted on a mesh of gold that is so sinuous in its articulation, and the condition is impeccable. now, what do we know about the empress herself, known as sisi in her lifetime? a very interesting woman, wasn't she? yes, she was. um, she was a young, very young princess when she was married off to franz josef of austria. i think it was her older sister was intended for his bride, but he was taken by this young girl, who was quite wild, where he was much more conventional. her high spirits, i-- could even have become a bit unbalanced in late years, and she took to roaming around the mediterranean to escape from the court life. this nomad of going around, so doing things that an empress simply didn't do. going to visit greece, going to corfu,
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building a palace in the middle of corfu. an unhappy woman. very unhappy. lonely? isolated? yes, very beautiful. but her end was awful. she was walking along the promenade at the side of lake geneva, and a young man approached her and apparently took out a file and shoved it into her. and because she was dressed in so many wonderful clothes, she didn't actually realize at the time that she'd been stabbed and calls out, "what is happening to me?" and collapses and dies. so i think it's one of the most tragic stories of european royalty in the 19th century. all right, now coming back to the piece in question here. stylistically, i think that the piece, it was probably made in, around about 1865 to 1870.
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and in typical fashion in the 19th century, you could also find individual little fittings that would be housed, locked away under a velvet cover within the box itself. so we have the feature that you can detach the centerpiece by means of these little grips at the side and convert it to be worn as a brooch. have you worn it as a brooch? no. i've only worn it as a pendant, but never as a brooch. well, there's the original pins, and there's the centerpiece, so typical practicality, you can break it up and make it into something else. value? have you shown it to someone at all? i did have it valued for insurance by an auctioneer's about 12 years ago, i think. about £5,000, they said, for insurance purposes. not enough. not enough. £15,000 to 20,000.
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right. got to be. it's a great story, fabulous piece of jewelry. thank you. fabulous. thank you. well, it's been wonderful being back here at my old oxford college, though it never looked like this in my day, i have to say. it's been a real treat for me personally, but also for one of-- what has to be one of our youngest viewers. tom, you're six, and you've brought along your candlesticks. one of our experts had a look at them, so what were they worth in the end? they were £80. £80? well, that's not bad for a bit of pocket money, is it? so did you have a good day? yeah. yeah. we all had a good day here. so from hertford college in oxford, bye-bye. bye-bye. ( theme music playing )
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>> this is "bbc world news america." made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. relationship managers work hard to know your business, offering specialized solutions
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and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> this is bbc world news america, reporting from washington. a first phase of the arab spring erupts. tens of thousands of two nations take into the street as a government credit is shot dead. -- -- thousands of tunisians take to the street as the government member is shot dead.
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plus a new message to the united states. welcome to our viewers on public television in america and around the globe. two years ago a fruit vendor in 2 nietzsche -- in tunisia set himself on fire, starting the arab spring. thousands took to the streets to protest against the killings, and the prime minister has responded, promising he would form a new government. >> he who is the country's first political assassination since the revolution, and it has exposed intrenched divisions and powerful and distrust. crowds of opposition supporters gathered at the interior
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ministry and tried to storm the building. they blamed the islamist-led government. these are the streets where protests brought down the dictatorship two years ago. eyewitnesses say when the police responded there was panic and chaos. >> police tried to absorb the anger of the demonstrators, but they could not just watch people throwing stones at them. >> he was the leader of a small party and a fierce critic of the largest party in the government coalition. he was shot dead by a man on a motorbike as he left home. he denounced it as an act of terror. it is unlikely to satisfy the dead man's supporters, who say he received repeated death threats. it is just over zero years since tunisia celebrates the transparent election, the first
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since the uprising of 2011. that election made to miyisha somewhat of a beacon -- made tunisia somewhat of a beacon. the islamist party merged, but without a majority. they promised cooperation. it seemed to nietzsche -- tunisia was finding a way to compromise. will today's assassination derails the emerging democracy? >> this is the most difficult process of the change, and the new political system has been put together. the new constitution, the divisions between where the country is going, the maneuvering, but generally things are heading in the right direction. >> even so, this will put fear into the heart of the political
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lives. tonight they called elections. it is a reminder that even the most hopeful of arab democracies remains a work in progress. >> i spoke to michelle. she is the director of the council at the middle east center. we have one of the country's best his the most -- countries that is the most westernized is the most stable. it is a surprise? >> assassination has not been a feature of the transitions. it has not been in libya. -- it has been in libya, but in tunisia, there has been other kinds of violence, specifically by extremists, and there was a lot of tension between secular forces, including the opposition
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party leader who was killed and the main party in the coalition government saying the moderate islamist brotherhood type of party was not doing enough to stop this. we do not know who carried out the assassination, but suspicions are high they were involved, so it is really unfortunate. >> the official who was assassinated had a fairly small following, yet we saw a huge numbers of people turning out on the streets. does it suggest there is going to be a strong stand and now from the tunisian population in favor of securing secular rights? >> i think so. there are a significant number of secular as indonesia and even in the government. two of the three parties are secular parties. -- a significant number of
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seculars in the tunisian government. really the writing of a constitution is not going to go forward until the situation is addressed, and it puts a lot of pressure to figure out how they are going to stop the violence. whacks you mentioned other countries in the region. is it too simplistic to say what we are looking for is a battle for power between secularists and islamist? >> that is a feature of the transition end pretty much all the countries but have had revolutions. these transitions are not going to work unless islamists and secularists find ways to work together. it is going to be essential. there are many secular.
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it is a major issue in the region. we have to remember a around the world transitions from authoritarianism are tough and take a lot of time. >> a lot more than expected. the revelation that america operates a secret base in saudi arabia for launching drones strikes has thrust not a controversial policy in the spotlight again. it was used to launch a drone that killed an odd kind a leader in 2011. the report -- killed and al qaeda leader in 2011. >> america's once top-secret drone campaign is slowly emerging into the open. today a new revelation that drones like these have been operating for years out of a secret base in saudi arabia. now the target is members of al
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qaeda in the arabian peninsula, which saudi arabia has long been working with the u.s. to fight. the pace of drone strikes has been growing rapidly in recent years. american officials said the first time the cia used the base was to kill this man, and wore out milwaukee kill thuis -- to kil this man. \ supporters say strikes like this have seriously damaged out kind of costs -- damaged al qaeda possibility to plan a tax, but others say they alienate local populations. brennan will have to answer questions in his confirmation hearing as cia director. the legality of drone strikes is likely to be high on the agenda, especially after a memo was leaked.
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white house 3 did the white house defended the policy. >> we have a knowledge there are sometimes we use remotely piloted aircraft against terrorists and to prevent attacks on the united states and to save american lives. we conduct the strikes because they are necessary to prevent threats, to stop future attacks, and save american lives. these attacks are ethical and wires. >> the fact there is a secret base may mean some of the difficult questions may be raised not just in washington but in saudi arabia's capital, riyadh. >> today the royal bank of scotland became the third major bank to pay for its part in bringing a key global interest rate now in libor.
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they have been forced to turn over more than $6 million. the incident gives another black guy to the already brews the baking industry. >> the royal bank of scotland is majority owned by the taxpayers. today we learned it will have to write some big checks after being fined a total of 390 million pounds. much of that will be paid for by rbs staff through reduced bonuses. what happens at rbs and other banks is unacceptable. i might as it -- insistence the bankers will pay the bill. those involved will pay the full force of the law. >> libor is used as a benchmark. traders tried to manipulate the
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information it is based on for a profit. regulators released details of messages passed by traders. .ake your mind uphil yes, no problem, is the answer. it is amazing it can make you that much money. barclays was fined 290 million pounds for its involvement and u.b.s. three times that. now rbs says 20% of its staff are involved. they have quit, been fired. >> the culture and inheritance of rbs and our industry need to be changed. we are changing them. the job is not done. >> they are finding the misconduct continued until 2010. have you considered your position? >> i think it is important all of us at the top must be held
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accountable for what we do. if we are a wrongdoer, open and shut case. if we are not involved, you look at totality. >> regulators say rbs was slow to implement an internal crackdown. >> clearly the bank should be up holding the highest operating standards in terms of integrity, and the people who work there should be doing that. rbs is significantly failed. >> rbs is not the last chapter of the stock up. several other banks are being investigated. -- not the last chapter of the saga. >> what strikes me most about all the extraordinary things in the story is that it was happening until 2010, after the financial crash, at which time you thought banks would know better. >> this whole libor of rigging
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scandal is a victim of this crime. it costs the integrity of the financial system, and it certainly does, but they were low balling rates, not high bolling, so they were bringing the benchmark down, so ordinary people are victims. >> the consumers might have liked it because their rates were low, but they were breaking the law. >> they were, and they were affecting a massive transfer of wealth over time from society to the banks, as they proved in many other fields. it seems to be so under the radar, it had become so routine over so many years they think they are the last people who are going to get caught. >> just listen to the text is being read out. there is a sense the money was something they could not resist or they thought they were above the law, or they were not going
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to get caught. >> they thought they were not going to get caught. as someone at the bank and a taxpayer who ended up paying twice, i feel they deserve to get caught, and this is a good action we see today. there is one thing worth noting, and that is the number of our dish banks being caught up in these, whether it is money laundering -- the number of british banks being caught up in these. there are an enormous number of british finance still reduce financial institutions getting involved in one way or another, and i think there is a broader question over british capitalism, and that is a concern. >> there is a complication that rbs is owned by the taxpayer, so the fine is to bring the money back. is that the thing that might
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deter future incidents of this kind. if the money is coming from your pocket, perhaps you would not do this. >> the manipulation took place because the royal bank was sitting next to the derivatives traders, who were profiting from this manipulation. there is all sorts of changes in terms of regulatory compliance and risk-management. in terms of architecture and where people said, that are going to have to take place, but here in america we have the volcker commission. both have recommended the same thing. separate retail banking from investment banking. that is going to be the strength. if is not to, this will continue in one form or another. >> they end up sending those tax to each other. thank you for a much for coming
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in. saturday mail deliveries will be no more at the beginning of august. the u.s. postal service has been pushing for the cancellation of we can delivery four years. they announced the changes in -- cancellation of weekends delivery for years. they announced the changes and increasing pressure in the internet age. racing to be ready in time. russia is spending a day. -- spending big. today there was another development in the ongoing standoff between china and japan in the east china seas. a day after accusing the warship of using weapons on a japanese destroyer, japan's prime minister fired back, describing it as a provocative act. he said the country's need to go back to a strategic partnership
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with mutual benefit. after the recent flare-up, is that possible? >> on january 30, japan says the chinese navy locked its radar on a japanese destroyer in the east china sea. about 10 days earlier, tokyo says another chinese for gates -- chinese frigate did the same to a helicopter. japan cost prime minister condemned the incident. >> at a time they are resuming talks, it is regrettable china has carried out provocative action towards japan. >> the incidents are reported to have taken place close to this group of islands in the east china sea, which japan controls but china claims as its own. for months japanese and chinese coast guard ships have been
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engaged in a game of cat and mouse around the islands. china has sought to assert its claims. previous incidents have only involved civilian ships, not war ships loaded with missiles. so far china's foreign ministry has refused to confirm the incident or give any explanation to the chinese actions, but the u.s. government is expressing its concern. it has called on beijing to avoid actions that could undermine peace and stability of the region. >> there are 365 days left until the next winter olympics, and that is 365 days to build stadiums and ready the ski slopes. the hurdle of hosting the games has made it a lot harder than
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having to build everything from scratch. these will be the most expensive olympics in history. daniel has gone to take a look. >> the caucuses mountains in southern russia, one of the most unexploited winter playgrounds. that is all changing. this brand new bobsled run is one of 10 venues especially built for the most expensive olympics in history. this cost more than beijing and three times last year's london summer olympics. an unusually large chunks are being paid by the country's wealthiest man. the oligarchs. he is fourth on barraso's rich and liz, a multimillionaire, and he has built new -- fourth on
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ofsia's rich list multimillionaire's. >> all the rich people want to change their image in russia. they want to do something that would be considered useful, something good for them. >> five years ago this was nothing but mountains and forests. the whole thing was built from scratch. this has become a building site in the world. a huge olympic park has a human cost. this is his new home, a rented garage with room upstairs which he shared with husbands and sons. he used to have a house by the beach, but it was obliterated by
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the olympics. >> my oldest son keeps asking me why and who i am living like this. i say because of the olympics. everything is changing in life, everything. >> the athletes are more positive. last week one of britain cost reduced hopes was skating well and anticipating next year's and winter olympics. >> they have built everything from scratch just now. that may be does not look like it is ready, but that is because they are building it from scratch. >> this will be one of the most controversial in years. the human rights record is under scrutiny, and 300 miles away, there are daily bombings and shootings in the turbulent republics of chechnya.
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>> now to an orchestra unlike any other. young musicians from afghanistan are in the united states showing americans a different side of their war-torn country. this opportunity offers an escape from their daily lives. >> life is tough on cobble's -- on kabul's streets. he knows these streets well. they were once his home, but he is leaving them behind. >> music has changed my life.
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everything has changed. i am eating bird food. when he walked the streets, he made less than $1 a day. half the children and and and now our street kids or orphans. >> i am so excited to be going to america. i want to show them there is nothing stopping afghan girls from loving music. >> this is the first time she has left the country. >> the taliban are fighting every day. in america is peaceful.
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>> u.s. offices are going to see progress is made, and i hope we are able to show it is important for americans to stand side-by- side and support them in whatever ways we can. >> what is talk of their wish list? >> i want to see the american president. >> the music has given an escape. they have known nothing but war. >> showing this side -- a
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different side. you can carry on watching on our 24-hour website. thanks for watching. i will see you tomorrow. >> make sense of international news at >> funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our
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relationship managers work hard to understand the industry you operate in, working to nurture new ventures and help provide capital for key, strategic decisions. we offer expertise and tailored solutions in a wide range of industries. what can we do for you? >> "bbc world news" was presented by kcet, los angeles.
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